27 days until the VOLS and NC State face off in the Chick-Fil-A kickoff on 31 Aug.

I got my tickets... 25 yard line... 6th row in the upper deck.

GBO

 

I don't know if you non-JFK people have seen/heard this, but it is very amusing.

Click here <------------

 

Go Wolfpack! Class of 86

Wolfpack football hasn't given me much to cheer about in the last 26 years.

 

Is that the same truck from smokin aces?

 

Dang right, I've been a busy ATL M88B this summer on reserve! Let's hire!!!

 

T;
I actually laughed out loud at that, thanks.

JFK is always getting screwed and unscrewed.

 

I feel your pain. Should be a fun game though.

 

So nice to agree with T.
Go Gators

 

Began watching California muni's after reading this book:

Michael Lewis, How The Financial Crisis Created A 'New Third World' : NPR

This "depressing" author, also penned Money Ball, which is a great movie, and The Big Short, which made Billionaires out of those on the correct sides of the trades in 2008. It is LOL funny and very educational. Pick up a copy of any of his books, they are all fantastic.

I actually think muni defaults will be easier to manage than the feared US Government default. For starters, each is smaller and more isolated. It will be very ugly if you own a home in a community where this occurs. It is worth knowing the CFO of the County where you live. They know more than the Mayor (or Commissioner). Around Atlanta we have several communities where Delta pilots are on the Board and help run things. Good to be involved.
He wasn't wrong, but everything hinges on Andrea Merkle and the German taxpayer. Eventually they will say, "Die faule Griechen ihre eigenen Rechnungen bezahlen."

The other business increased invested capital 35% last year and will improve slightly as we close the last couple of months. Only lost a small amount on one deal and had to unwind another due to a bank selling us something they did not really own.

Municipal solvency is something to track now as you invest.

 

80,

You enjoy the ever so brief blessing that is youth. As one gets older and has something to conserve, they become conservative.

At one time we were all fairly safe sending 20 to 25% of our income to some 24 year old grad school hotshot on Wall Street with the comfort that without much effort on our part, we could retire comfortably. Then 2000 hit some of us and 2008 hit us again.

There are a lot of guys at Delta who are smart with their money. I'm probably in the lower 20% of that brain trust. But, for the sake of our families, it is up to us to invest with the greatest knowledge we can bring to bear.

On an annual basis, my families savings is greater than my income from Delta Air Lines. Despite that effort, I will not be able to retire in the fashion enjoyed by my parents' generation. What they (and the example provides true from Delta's defined benefit plan to the librarian down the street from me) simply is not sustainable.

Part of playing the game defensively is learning everything you can.

I'm not a gold & gun nut. Those are assets which don't create anything new. IMHO to make money you've got to get something, increase it's value and move it on, constantly. There just are not any safe, "I don't do anything but own it" options.